Civic Intelligence

Silicon Valley Central Chamber Of

EIN 94-0675790 • 501(c)6 • Santa Clara, CA

Profile

Influential advocates for the business community.

3350 Scott Blvd Building 54Santa Clara, CA 95054

svcentralchamber.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

29th percentile

0.04x

Higher debt load relative to revenue than 29% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2021

Net Margin

1st percentile

-159%

Higher net margin than 1% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

33rd percentile

$56,371

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 38.1% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2021

Asset Growth

13th percentile

-11%

Faster asset growth than 13% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

1st percentile

-95%

Faster revenue growth than 1% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$2,092,908

Down $262,602 (-11%) from 2020

Liabilities

Down

$6,078

Down $26,548 (-81%) from 2020

Net Assets

Down

$2,086,830

Down $236,054 (-10%) from 2020

Revenue

Down

$148,029

Down $2,578,278 (-95%) from 2020

Expenses

Down

$384,083

Down $131,064 (-25%) from 2020

Net Income

Down

-$236,054

Down $2,447,214 (-111%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $918,521Liabilities 2011: $818,114Net Assets 2011: $100,4072011Assets 2012: $910,985Liabilities 2012: $811,162Net Assets 2012: $99,8232012Assets 2013: $912,174Liabilities 2013: $808,426Net Assets 2013: $103,7482013Assets 2014: $937,697Liabilities 2014: $847,642Net Assets 2014: $90,0552014Assets 2015: $896,093Liabilities 2015: $822,180Net Assets 2015: $73,9132015Assets 2016: $1,296,461Liabilities 2016: $837,768Net Assets 2016: $458,6932016Assets 2017: $1,287,280Liabilities 2017: $763,233Net Assets 2017: $524,0472017Assets 2018: $1,204,027Liabilities 2018: $718,552Net Assets 2018: $485,4752018Assets 2019: $669,579Liabilities 2019: $592,805Net Assets 2019: $76,7742019Assets 2020: $2,355,510Liabilities 2020: $32,626Net Assets 2020: $2,322,8842020Assets 2021: $2,092,908Liabilities 2021: $6,078Net Assets 2021: $2,086,8302021

Highlighted filing

2021

Assets$2,092,908
Liabilities$6,078
Net Assets$2,086,830

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $2,343,1672011Expenses 2012: $2,258,1982012Expenses 2013: $2,223,2612013Revenue 2014: $2,305,644Expenses 2014: $2,319,337Net Income 2014: -$13,6932014Revenue 2015: $2,380,010Expenses 2015: $2,396,152Net Income 2015: -$16,1422015Revenue 2016: $2,361,681Expenses 2016: $1,976,901Net Income 2016: $384,7802016Revenue 2017: $2,290,830Expenses 2017: $2,225,479Net Income 2017: $65,3512017Revenue 2018: $2,317,965Expenses 2018: $2,356,538Net Income 2018: -$38,5732018Revenue 2019: $427,136Expenses 2019: $835,837Net Income 2019: -$408,7012019Revenue 2020: $2,726,307Expenses 2020: $515,147Net Income 2020: $2,211,1602020Revenue 2021: $148,029Expenses 2021: $384,083Net Income 2021: -$236,0542021

Highlighted filing

2021

Revenue$148,029
Expenses$384,083
Net Income-$236,054

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 22, 2023
Return Version
2020v4.2
Gross Receipts
$148,029
Mission and Program Overview

Mission

Promote the city of santa clara

Promote business in the silicon valley region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,322,884$2,086,830▼ $236,054
Savings and Temporary Cash Investments-$1,543,265-
Cash and Non-Interest-Bearing Accounts$2,278,352$340,127▼ $1,938,225
Land, Buildings, and Equipment, Net$999$134,451▲ $133,452
Accounts Receivable$70,508--
Prepaid Expenses and Deferred Charges-$1,000-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,355,510$2,092,908▼ $262,602
Other Assets Total$5,651$74,065▲ $68,414
Liabilities
Other Liabilities$0$5,266▲ $5,266
Unsecured Notes Loans Payable$3,000--
Accounts Payable and Accrued Expenses$29,626$812▼ $28,814
Total Liabilities$32,626$6,078▼ $26,548
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,322,884$2,086,830▼ $236,054
Total Liabilities and Net Assets / Fund Balance$2,355,510$2,092,908▼ $262,602

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$134,451--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Christian D MalesticPresident/CEOFT$56,371$56,371
Christian PellecchiaVice Chair, Interim CEO-$21,000$21,000

Board Members and Trustees

NameTitle
Ravinder LalChair
Christopher BoydPast Chair
Ana Vargas-smithDirector
Arlyne M DiamondDirector
Daniel MeybergDirector
Daniel PeckDirector
Derek AdamsDirector
Eron HodgesDirector
Gary NobileDirector
Harbir BhatiaDirector
James LyonsDirector
Jas SajjanDirector
John ElwoodDirector
Katy ScottDirector
Nicole GoehringDirector
Stella M KempDirector
Jamal NewbornAt Large Officer
Elnaz MassonSecretary
Lou MarianaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$131,723
Program Service Revenue
$9,435
Investment Income
$936
Other Revenue
$5,935
Change in Net Assets
$-236,054
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$276,357
Salaries, Compensation, and Employee Benefits$107,726
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$83,009--$83,009
Current Officers, Directors, Trustees, and Key Employees$77,371--$77,371
Occupancy$65,000--$65,000
Office Expenses$34,896--$34,896
Fees for Services Other$28,705--$28,705
Insurance$24,355--$24,355
Payroll Taxes$15,599--$15,599
Other Employee Benefits$14,756--$14,756
Fees for Services Legal$12,022--$12,022
Fees for Services Accounting$11,517--$11,517
All Other Expenses$3,844--$3,844
Other Expenses$1,908--$1,908
Travel$1,620--$1,620
Total Functional Expenses$384,083$0$0$384,083
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$5,266
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

(1) our mission statement has changed from the prior year; (2) we changed our organization name; (3) we adopted a comprehensive set of policies to govern the organization.

Form 990, Part VI, Section A, Line 6

Santa clara chamber has approximately 150 members which are local businesses

Form 990, Part VI, Section A, Line 7A

The members elect annually 25 member board of directors

Form 990, Part VI, Section B, Line 11B

The return is provided to the finance committee that reviews it and recommends approval to the board. Then, the board is given the return at least 10 days prior to their meeting at which the accountant of record, who prepared the return, briefs the board and answers all questions. Once satisfied, the board accepts the return, and it is filed by staff.

Form 990, Part VI, Section C, Line 18

The form 990 & 990-t are available upon request by contacting the office.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request

Filing and Contact Details

Filer

Filer Name
Silicon Valley Central Chamber of
EIN
94-0675790
Phone
4082449660
Address
3350 SCOTT BLVD BUILDING 54, SANTA CLARA, CA 95054

Signing Officer

Name
John Elwood
Title
Board Chair
Phone
4082449660
Signed
2023-03-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Elwood
Formed
1947
Legal Domicile
CA
Voting Board Members
20
Independent Board Members
20
Employees
3
Volunteers
0

Preparer

Firm
Johanson & Yau Accountancy Corp
Address
42 WEST CAMPBELL AVENUE THIRD FLOOR, CAMPBELL, CA 95008
Preparer
Michael Nguyen
Phone
4082885111
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1:

The chamber's financial records use accrual accounting

Raw XML AppendixShowing 400 of 468 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0936
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0999
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0134451
IRS990/LandBldgEquipCostOrOtherBssAmt0134451
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0130918
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0INFLUENTIAL ADVOCATES FOR THE BUSINESS COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NameChangeInd0X
IRS990/NetAssetsOrFundBalancesBOYAmt02322884
IRS990/NetAssetsOrFundBalancesEOYAmt02086830
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt065000
IRS990/OccupancyGrp/TotalAmt065000
IRS990/OfficeExpensesGrp/ProgramServicesAmt034896
IRS990/OfficeExpensesGrp/TotalAmt034896
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05651
IRS990/OtherAssetsTotalGrp/EOYAmt074065
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt014756
IRS990/OtherEmployeeBenefitsGrp/TotalAmt014756
IRS990/OtherExpensesGrp/Desc0BANK FEES
IRS990/OtherExpensesGrp/Desc1EVENT EXPENSES
IRS990/OtherExpensesGrp/Desc2RELATIONS
IRS990/OtherExpensesGrp/Desc3MISC EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt04534
IRS990/OtherExpensesGrp/ProgramServicesAmt12984
IRS990/OtherExpensesGrp/ProgramServicesAmt21963
IRS990/OtherExpensesGrp/ProgramServicesAmt31908
IRS990/OtherExpensesGrp/TotalAmt04534
IRS990/OtherExpensesGrp/TotalAmt12984
IRS990/OtherExpensesGrp/TotalAmt21963
IRS990/OtherExpensesGrp/TotalAmt31908
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt05266
IRS990/OtherOrganizationDsc0EXEMPT ORGANIZATION
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISC INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05935
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05935
IRS990/OtherRevenueTotalAmt05935
IRS990/PartialLiquidationInd01
IRS990/PayrollTaxesGrp/ProgramServicesAmt015599
IRS990/PayrollTaxesGrp/TotalAmt015599
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01000
IRS990/PrincipalOfficerNm0JOHN ELWOOD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0MARKETING SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09435
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09435
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0231202
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02443459
IRS990/PYOtherExpensesAmt0242033
IRS990/PYOtherRevenueAmt049213
IRS990/PYProgramServiceRevenueAmt02433
IRS990/PYRevenuesLessExpensesAmt02211160
IRS990/PYSalariesCompEmpBnftPaidAmt0270489
IRS990/PYTotalExpensesAmt0515147
IRS990/PYTotalProfFndrsngExpnsAmt02625
IRS990/PYTotalRevenueAmt02726307
IRS990/ReconcilationRevenueExpnssAmt0-236054
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0148029
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02322884
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02086830
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01543265
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0134451
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0134451
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05266
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0134451
IRS990ScheduleD/TotalLiabilityAmt05266
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleN/DirectorOfSuccessor2Ind00
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0EQUIPMENT & FURNITURE
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02021-06-20
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt00
IRS990ScheduleN/EmployeeOfSuccessor2Ind00
IRS990ScheduleN/OwnerOfSuccessor2Ind00
IRS990ScheduleN/ReceiveCompensation2Ind00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0(1) OUR MISSION STATEMENT HAS CHANGED FROM THE PRIOR YEAR; (2) WE CHANGED OUR ORGANIZATION NAME; (3) WE ADOPTED A COMPREHENSIVE SET OF POLICIES TO GOVERN THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SANTA CLARA CHAMBER HAS APPROXIMATELY 150 MEMBERS WHICH ARE LOCAL BUSINESSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS ELECT ANNUALLY 25 MEMBER BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE RETURN IS PROVIDED TO THE FINANCE COMMITTEE THAT REVIEWS IT AND RECOMMENDS APPROVAL TO THE BOARD. THEN, THE BOARD IS GIVEN THE RETURN AT LEAST 10 DAYS PRIOR TO THEIR MEETING AT WHICH THE ACCOUNTANT OF RECORD, WHO PREPARED THE RETURN, BRIEFS THE BOARD AND ANSWERS ALL QUESTIONS. ONCE SATISFIED, THE BOARD ACCEPTS THE RETURN, AND IT IS FILED BY STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 & 990-T ARE AVAILABLE UPON REQUEST BY CONTACTING THE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CHAMBER'S FINANCIAL RECORDS USE ACCRUAL ACCOUNTING
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 1:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02355510
IRS990/TotalAssetsEOYAmt02092908
IRS990/TotalAssetsGrp/BOYAmt02355510
IRS990/TotalAssetsGrp/EOYAmt02092908
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0131723
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0384083

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